{"id":53312,"date":"2022-09-23T16:04:31","date_gmt":"2022-09-23T08:04:31","guid":{"rendered":"https:\/\/news.outsourceaccelerator.com\/?p=53312"},"modified":"2022-09-23T16:04:31","modified_gmt":"2022-09-23T08:04:31","slug":"ibex-q4-revenue-increases-by-13-6","status":"publish","type":"post","link":"https:\/\/news.outsourceaccelerator.com\/ibex-q4-revenue-increases-by-13-6\/","title":{"rendered":"IBEX Q4 revenue increases by 13.6%"},"content":{"rendered":"
Business Process Outsourcing (BPO) and customer engagement solutions provider IBEX Limited (ibex) announced a 13.6% increase in their fourth-quarter revenue for the fiscal year 2022.<\/span><\/p>\n In their report, ibex stated that their revenue was boosted by clients that they have won since FY2016, which grew 43% and represented 74% of their total fourth-quarter revenue.<\/span><\/p>\n At the same time, the firm\u2019s Q4 net income and net income margin rose to $4.9 million and four per cent, respectively, compared to $4.0 million and 3.7% in FY2021.<\/span><\/p>\n ibex CEO Bob Dechant said FY22 \u201cwas a great year for ibex with record revenues, adjusted EBITDA, EPS, free cash flow, and new client revenue.\u201d<\/span><\/p>\n The company\u2019s adjusted EBITDA margin is at 15.1%, generating over $25 million in free cash flow.<\/span><\/p>\n \u201cLooking ahead, we are confident in our ability to continue to win business as clients look to outsource more in a turbulent market,\u201d the ibex CEO stated.<\/span><\/p>\n Dechant added that they expect to surpass ibex\u2019s historical 10% revenue growth rate \u201cwith continued margin expansion as we utilize [the] capacity created with the roll-off of social distancing in our centers.\u201d<\/span><\/p>\n Ibex\u2019s FY2023 outlook for revenue is between $545 million and $555 million, with the midpoint representing 11.4% growth.<\/span><\/p>\n